DISQUS

AMERICAblog: Troubling data on wealth distribution

  • Andrew A. Gill · 1 year ago
    I haven't heard the same smears of communism when Wall Street has been bailed out

    That's because it's not communism.

    It's fascism:

    "Fascism should more properly be called corporatism because it is the merger of state and corporate power." -- Benito Mussolini
  • ccokz · 1 year ago
    http://ccoaler.blogspot.com/2008/04/oil.html

    oil tops 115

    total msm disaster: oil rise of 30 bucks in 3 months goes nearly uncommented
  • OlderAndWiser · 1 year ago
    Fascism has been in place in this country since Jan. 20, 2001. Why is anyone surprised?
  • Andrew A. Gill · 1 year ago
    I never said I was surprised.
  • Bush_Bites · 1 year ago
    Chelsea Clinton works for a hedge fund.

    Just sayin'
  • OlderAndWiser · 1 year ago
    Bush Bites, and the 27 yr old made over $900K last year, too. Tell me the Clintons aren't involved in Wall St. up to their eyeballs.
  • scooter in brooklyn · 1 year ago
    got cake?
  • Andrew A. Gill · 1 year ago
    I was just going to the store.

    Will now buy cake.
  • Wisconsin Liberal · 1 year ago
    What is really surprising is that alot of working class people who think that this wealth distribution to the few is not the problem. It is the "greedy" poor people are the cause of the economic problems.
  • cowboyneok · 1 year ago
    Anyone, but me, see how the Corporate Media is trying to downplay the whole "Cindy McCain steals recipe" fiasco? They had Contessa Brewer run an apologist segment on how Cindy's "intern" stole the recipes and published them as Cindy's and "poor Cindy didn't even know it happened." Uh, yea, thats gonna really help with the ELITIST image, Contessa. I'm sure if "my intern" had published the recipe I would have at least checked. Oh WAIT, only ELITIST, like Cindy, who's family made bazillions off booze get to have interns publish things for them. Before this is over, every ELITIST out there is going to regret trying to paint Obama as one. The whole ELITIST argument is one they really should have known better than having.

    One important political analysis note. Who do you want answering that 3:00 am call? Think about it. This "voters are bitter" controversy proves who has absolutely NO JUDGMENT whatsoever. Why does it prove the Clinton campaign has no judgment, you might ask? Well, think about it. They are disparate at this point to find an exploitable issue to push Hillary into a huge double digit win to make Obama look unelectable. What did HIllary and the Republicans try to hit Obama with? They used their "judgment" and decided the whole "Obama is an elitist" meme would work. Now, do you REALLY want people with that kind of idiot judgment making life or death decisions? I don't.

    This whole mistake would never have happened if the Clinton's and Republicans would have had time to put their judgment about elitist through the whole focus group wringer, and they would have known the issue would blow right back on their asses. Unfortunately, for them, the Clinton and McCain campaigns didn't have time to rely on the "common man's" judgment and had to rely on their ELITIST JUDGMENT and look where it got them. So sad for them, really, for the truth to come out. Hillary and McCain campaigns don't understand common people. How can we expect them to represent our best interests? Answer: We can't. VOTE OBAMA!
  • PeteWa · 1 year ago
    I've been talking about this for years.
    It really doesn't take much studying of economic history, particularly in our own country, to recognize that the times when we all do better are the times when the country as a whole does better.
    The disparity of wealth (as in the robber baron age) are the times when our country has struggled the most.

    The venal greed of the Republicans (the ever increasing greed) in my lifetime is enough to make anyone with an ounce of common sense worried about our collective future.

    For the greed heads and the "I gots mines" (a certain dip shit comes 2 mind) crowd, this has never been an issue... and they don't have the foresight to see that the world they are leaving to their descendants is going to be very much less kind due in large part to their selfish actions in the present.
  • allpeopleunite · 1 year ago
    I am a Marxist and am so serene during all this frantic analysis and criticism of the current financial crisis. The problem is there are so many people expecting more of capitalism than it can deliver. All are sat wondering why over half the world lives in dire poverty, why the financial systems are in decline, why wealth is so unfairly distributed. The answer is that the entire system is rotten to the core.

    Expect nothing more than boom and bust, with an overall stagnation of levels of standards of living (as has happened in post-War period, excluding the industrialised countries of the West and Japan) and the system sustaining itself through astronomical sums invented in their heads and traded on the stock markets, enriching themselves greedily while their workers overseas struggle to survive, and their employees here seeing their standard of living deteriorating.

    So stop complaining about the system which you and the parties you campaign for serve, that of capitalism, as brutal and harsh and nonsensical as it always has been or will be.
  • OlderAndWiser · 1 year ago
    Does anyone think this visit by the pope has anything to do with common people either? Except to further brainwash the masses, that is.

    When will people learn to think for themselves, to analyze what's happening to them, to resist the bread and circuses that are nothing but a coverup of the fascism that has taken over this country?
  • Soundboy_jeff_meanie · 1 year ago
    allpeopleunite

    I am a Marxist and am so serene during all this frantic analysis and criticism of the current financial crisis.
    ---

    when it crashes... it won't matter if you're Marxist, communist, capitalist...

    you'll be in the same boat, and I doubt you'll feel 'serene'.
  • Andrew · 1 year ago
    The current financial crisis gripping the country is just the begining of the end for a monetary system that is way beyond its expected shelf life. What its remains have left us is the greatest disparity in income that we have witnessed in nearly 100 years. Losses yet to be reported are so vast that the average calulator doesn't have enough digits on it to rationally understand in visual form just how bad things are. Yet, the corporate spin machine continues its daily rant that all is well in Hoverville. Don't listen to the man behind the curtain, just continue going on your merry way.
    Todays gamblers are the hedge funds. They placed the wrong bets at the wrong time, but their losses shouldn't have to be shouldered by the tax payer.
    Hedge funds peddle crystal meth. Aggressive investors pour money into hedge funds generating artificially high returns by betting with borrowed money. To maximize yields, hedge funds also gravitate to the riskiest mortgages, like subprime, and to the riskiest bonds, which absorb losses on complex pools of lower-quality mortgages known as collateralized debt obligations or CDOs. The profits from selling bonds based on very risky underlying securities override bankers’ traditional risk aversion. By 2006, high-risk lending becomes the norm in the home-mortgage industry.
    Bottom line....if you want to play you have to pay, but don't look to the common man to clean up after the mess you left behind. We have a hard enough time just trying to make ends meet as it is.
  • jr · 1 year ago
    Reagan's tax cuts were "moderate" to the CNBCites
  • KerrynowCampau · 1 year ago
    Buy coffee and cigarettes now!! They are easy to store and can be used to barter for food and other items when the crash comes.
  • jimpharo · 1 year ago
    I agree 100% re: 1928, though it may end up being worse. We have been mortgaging our future for decades, and methinks the bill is about due.

    The difference is that our entire political and social structure has been so warped that I don't know how we will ever find the ability to band together and work it out.
  • Asterix · 1 year ago
    The problem with the old speculators is the same as with the new--they create nothing tangible, just gamble, shuffle paper and skim the cream. They're not out there creating corporations like GE; they just shovel the smoke.

    Didn't Volker say that financial services account for something like 40 percent of the economy now? These guys are the moneychangers in the temple, skimming their take and speculating on who will be the last one out of the pool.

    Our economic powerhouse is really a Potemkin village, folks.
  • heathwood · 1 year ago
    What is the name of the fascinating book?